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CSPAN
Feb 16, 2013 1:30pm EST
? >> that is right. >> would it be reasonable, confronting a fiscal cliff in january, potential debt ceiling default in march, sequestration, or ceiling default in february, sequestration in march, government shut down in april, another potential debt ceiling in may, could shake the confidence of some investors in our ability to deal with our responsibilities? >> yes. we think the crisis mode of fiscal policy over the last few years is reducing people's confidence. how big of an effect that is, we don't know. >> the gentleman's time has expired. >> i think by anyone's objective measure in this town or country, we would consider you a smart man and a good economist, right? >> thank you. >> it befuddles me, it strikes me that some of us want to spee chify other than uses precious time to engage you in questioning. -- use this precious time to engage you in questioning. i will try to continue on in that regard. speaking of speechifying, we heard it is impossible to get ourselves out of this debt situation by spending cuts alone. i want to understand if i am correct that the cbo projects that revenue w
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